Greek stocks surged on Monday after an unexpectedly easy victory for the ruling conservative party.
The Greek Athex Composite GD,
New Democracy was leading the left-leaning Syriza party by over 20 percentage points. Even so, it doesn’t look like it will have an outright majority, though the winning party under Greek rules gets bonus seats in a second election, which is likely to be held in either late June or early July.
The victory was unexpectedly large following a railway disaster and a wiretap scandal.
The yield on the 10-year Greek government bond TMBMKGR-10Y,